Suppose nation A produces only two goods,apples and oranges.If nation A produces only apples,it can make 12 apples per day.If nation A produces only oranges,it can make 36 oranges per day.If the country has a constant production trade-off between apples and oranges,then the opportunity cost of one apple in nation A is:
A) 36 oranges.
B) 3 oranges.
C) 12 oranges.
D) .33 oranges.
Correct Answer:
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